About this Course

To enable participants to understand the core principle of FRS 37 and FRS 105 and apply the requirements relating to the accounting and reporting of restructuring and discontinued operations.

Programme Outline 

• Understand the definition of provision under FRS 37
  
• Events or transactions that create constructive obligation that result in a provision
  
• Events or transactions during restructuring that require a provision under FRS 37
  
• Accounting implications when non-current assets are held for sale
  
• Accounting implications when non-current assets are abandon
  
• Qualifying criteria of a discontinued operations under FRS 105
  
• Accounting implications when a restructuring is a discontinued operations
  
• Determine events that require the capitalization, suspension of capitalization and cessation of capitalization of borrowing costs
  
• Understand the significance of disclosure requirements in FRS 23 
  

Intended For

A Foundation to Intermediate level programme intended for both Practising and Non-Practising Accountants, as well as Professionals who are involved in Restructuring.

Training Methodology

Lecture style, with Exercises/Case Studies

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